13.97 is midpoint of Bollinger Band for CDE. ...now at 13.99...but candle is theoretically bearish.
A few junior miners are green, however.
Watching to see where there is eod buying (or big selling)...
EOD buying in some biotechs I'm watching or trading....
miners have dipped at the moment...only about 10 min. left in trading.
Not impossible to have another bounce in precious metals miners next week, but I'm concerned about the associated currency trades.
Still do see reasons precious metals could test lower, but the charts are already at extreme levels.
Have been expecting a rotation out of some of the overbought broader US market much-loved stocks INTO some of the much-loathed industries, like mining...
especially precious metals.
Might still be some end of quarter selling due to 'window dressing' and options exp also creates some volatility (see various options exp dates by performing search).
It still seems to me that miners may already have bottomed, but I won't hold an overweight in mining very long YET...mostly very short term trades...intraday.
This afternoon, looks as tho 'someone' is buying the dip in GDX and GDXJ and esp in particular miners, some of which are green.
It's my opinion only. I DO sometimes add to a position Friday near end of day, but I have already recently addeed to several long positions (in metals, biotech and energy/nat gas) and am holding some cash ... to observe what occurs next week. There are technical reasons for a near term bounce for those 'additional shares'...Remains to be seen, however, and I'll sell the trading shares if I'm wrong, even tho each position is worth a long term hold, in MY opinion (so will hold smaller 'core,' as I usually do). The energies to which I have added for a trade have interesting charts and news...have not yet accumulated enough...
My concern about the overbought euro and the poential bounce for the dollar from current oversold levels prevents me from adding heavily to precious metals right now. Watching the close for GDX GDXJ HGU.to XAU HUI etc.
Peace Prudence Strategies
Profit for Good Causes
Some stocks/industries move from overbought (CDE near recent highs) to oversold...in current area....
or SOMETIMES move from oversold, to more oversold, to EXTREMELY oversold....
but if there is a reason for a turnaroud at those extremely oversold levels (not sure if we're there yet...but we're gittin closer, imo)...
IF there is a reason for turnaround,
then buying or holding or trading the UPMOVE is worthwhile.
CDE has improved in numerous ways, only a few of which are outlined above by Edmund and lpet. I don't consider CDE to be the perfect stock, personally. It's a potential turnaround and I DO CONSIDER IT TO BE ALREADY OVERSOLD (tho could always trade lower).
Precious metals will have a turnaround at some point, as will CDE, which DOES have value.
The market 'game' is pressing stocks to 'undervalued' (where the hedge funds and sometimes smart institutions load up)...back to bounces...and somtimes to nosebleed levels. At those nosebleed levels, it might be 'silverfox' (former bashers) who wil be telling you to BUY BUY BUY...and bullish articles will appear for the indivudal stock or industry in general.
For precious metals, there may be a time for long term holding...might possibly start in July this year. Observing.
Profit for Good Causes
many of which will likely be suppressed, along with freedom of speech of us as individuals and freedom of assembly, in the coming coup by the Elite against We the People.
Peace Prayers Agape ~
Yes, Rocky, I understand exactly what you meant in the context of who you are and your love of this country and the citizens...
that you sincerely want what is BEST for them and you want them to take the problems seriously.
The problem is that TheEliteManipulators/PowersThatBe are so dangerous to the ordinary citizen who means well and says something like that out of pure patriotism and a desire to wake folks up...
have the power to create havoc for you and YOUR FAMILY, including your CHILDREN...
and will proudly use your well-meaning words to incite their cronies to be violent against those who simply want to protect the people FROM THE TYRANTS using the traditions and the US Constitution/Bill of Rights.
They will claim all conservatives, libertarians and 'anyone other than us'...
are dangerous and violent...clearly false based on the hundreds of thousand I have some knowledge of.
Moreover, 'tea-party' folks actually are mostly Mom n Pop and small business owner and medical doctors and ordinary folks of all ethnic backgrounds, religions and ALL RACES (yes, despite the lies of the media).
So in order to wake folks up, we need to give facts, like the kind of damage that is being done..and give the sources for those facts.
Find out about the OPPRESSIVE and THREATENING tactics used against whistleblowers for Benghazi and for ALL TYPES of corruption and explain that the rules have JUST BEEN CHANGED to make it even more difficult to come forward. Even more...the tactics are ILLEGAL and MUCH WORSE...THREATS TO FAMILY...
Perform a search for
"According to USA Today, she has sought protection as an official whistleblower after the State Department directly threatened her, once at her home. It threatened her with criminal charges when she turned over documents to Sen. Ted Cruz (R-TX) showing evidence that the department had watered down her report, in which she alleged that the department at the highest levels had scuttled eight investigations into a range of criminal wrongdoing.
'God' should be capitalized, and I'm glad you're praying. (smile)
Many of us pray for you as well.
Peace Prayers Agape ~
I'm understanding your comment in context, rockyracoon, and know you are the last person to act in anger or to be mindlessly violent. You are referring to the historical context of tyranny and I do comprehend that we have long been under a 'soft tyranny' and are now on the brink of an actual coup by US & international elements that are working AGAINST our history/traditions/US Constitutions/Bill of Rights and therefore against 'We the People' and against
all that is worthwhile...
Respect for Human Dignity
for Life, Liberty and Opportunity.
Those who are supporting this takeover by radical non-US principles who are tyrannical in their methods and GOALS...are often the NAIVE...and we NEED TO INSTRUCT AS MANY AS POSSIBLE RIGHT NOW in order to preserve all that is Good and Truthful and Beautiful in our history and in our character as a nation...and in our personal character. Take a look at what is being done to the FAMILY of one of the whistleblowers of State Dept. More likely 'they' (the elite) will come after us...blood of martyrs...and that will 'instruct' the populace in ways that nothing else can. Sadly. Peace Prayers Agape ~Think peaceful, prayerful change to Corozon Aquino...in Philippines.
We had sudden upmove to green in miners end of day today. Printed hammers or other bullish candles for many miners.
Appreciate your posts. Some charts for miners are ... uhm, wildly interesting ... email me for my own 'watch based on technicals and/or fundamentals' comments. Don't want to post 'em until I've accumulated or traded.
vcaritas (here at yahoo)
In biotech, PRAN heatin' up. DNDN pullback and on radar for next move.
Bonne chance !!!
Peace Gratitude Agape ~
Sudden eod upmove in miners.
And for those who do not understand technicals, or who do not WANT anyone to understand (so they can try to manipulate shares more easily),
please note that technical analysis may apply to various timeframes AND that the probabilities change with various triggers and configurations.
One may trade a certain long position with the caveat that if a particular level of support is broken, one sells all...or sells one's trading shares.
Someone using technical analysis, even if he/she is a long term holder, has an awareness of upside and downside POSSIBLE and PROBABLE targets not only based on present movements, but also based on some negative or positive changes in the chart and configurations.
Technical analysis does not foretell future any more than weather evaluation does...for each particular area at each particular time in each particular case.
Techs simply give TOOLS for improving the probabilities at each extremely short term (perhaps 'minute' charts in various 'minute timeframes'), ordinary short term, intermediate term and long term juncture.
Keep posting all y'all tech traders. JUST my opinion.
Peace Wisdom Logic Agape ~
At this point, DNDN is perfectly within the range of normal technical movement...NOT taking into account the fact that there is huge upside potential on so many fronts...that is NOT being recognized by media/aritcles/analysts.
Might be a few days of pullback, which I personally expect to be followed by an upmove that will hold well above the downtrend line.
NOT impossible for DNDN to fall out of this near term bullish configuration....looks kind cup n handle-ish to me...but I don't care about the 'official' terms so much as the probabilities overall. Will form handle for a few days and then move up higher than 4.30's eventually.
A market smash down or some other factors could smack DNDN much lower.
ALL my opinion. AND my opinion is only to hold the number of shares one feels comfortable holding in volatile markets...
OR to use options or share trading techniques or BOTH.
DNDN could also suddenly trade UP from these levels...and surpass the previous high....shaking out longs who may be discouraged at these prices.
NOT a rec to buy, sell or hold DNDN PRAN or any other position, long or short...
ONLY a rec to include YOUR OWN TAKE on the technicals in your overall DD....which should include the multiple reasons DNDN is worth much MORE longer term and could be involved in EU approval and partnering or buyout.
Remember TWO IMPORTANT DATES in June...analyze all possibilties.
Right now, low is 4.065 for the day...and the pps is rising.
Near term, looks BULLISH, even tho the downtrend line has not (yet) been broken.
Never follow opinion of anonymous message board posters, including me, but ONLY use your thorough DD and common sense.
ALL my opinion.
Peace Wisdom Agape ~
DNDN resistance in 4.30's today at the point of a previous high. DNDN at the time of the posting has pulled back into the 4.20's...not unusual from a technical standpoint. Personally hoping DNDN will remain in this approximate area so I can accumulate more for the eventual upmove into (likely, imo) EU approval and partnering.
See finviz for some broad ideas of trendlines that need to be broken. Better yet, use a site like incredible charts or stockcharts to examine all technical factors. Overall improving technicals for DNDN and the pullback, imo, is likely temporary and normal
Also note key DATES re EU comments in June.
PRAN is already above uptrending and properly aligned 50ma and 200ma and has had improving volume.
Profit for Good Causes
Just my opinion.
Do thorough and independent DD...and as a part of DD...consider including technical analysis in various timeframes.
Profit for Good Causes
trading if euro falls again and dollar rises, tho not sure about effect on individual miners.
Will probably sell trading shares into upmoves today...have already taken partial profits in a biotech.
You have never heard the word
or even 'Nice Trade from Oversold' ???
You remind me of the bashers on SYN (when it was stilled called AEN...and trading in .40's....now 1.70's).
Or PRAN...trading in 1's...now 2.38...
or DNDN in the 3's...now 4.22 on high volume.
You and Farten and Foo appear to be lookin' at rear view mirror ONLY.
Silver futures for 2014 etc. Take a look.
CDE is more likely to be an eventual 'tiurnaround' than not...in MY opinion.
It's NOT my overweight silver. As I mentioned I try to trade extremely volatile juniors (or add at lows to biotech) rather than the larger miners, since I cannot afford to buy enough shares for a really good trade while still holding most of my other long term positions.
Right now, for example, I've been trading GSS up from .ows...touched .562...now .591...
and intend to SELL mosta those shares...perhaps keeping tad...since I like the fact that they've completed a positive feasibility study:
Golden Star Resources Publishes Positive Feasibility Study for Prestea Underground Mine West Reef ProjectMarketwired(Tue, Jun 11)
Peace n Strategies fer Profit fer Good Causes
+4.48% to 4.20 ...they HAD been shorting heavily at downtrend line...but NOW ??? More covering ???
Pushing at resistance again...this time holding somewhat longer on higher than average volume from early AM. 50ma just overhead...very strong thus far today toward resistance of downtrend line and even (perhaps soon) 50ma.
Looks like ThePowersThatBe are willing to allow it to rise. They have arranged their options trades accordingly.
'They' know even rumors of European approval and esp partnering could skyrocket the shares.
Caution. Biotechs are extremely volatile.
I trade 'additional shares' in biotech (either swing trading or sometimes very short term, even intraday) to establish positions and to take partial profits (or avoid losses...by selling those additional shares if falls).
Options trading heavy in DNDN...
Meanwhile CDE also up 4% and more.
Go CDEbiscuit !!!
Profit for Good Causes
"We are very close to or at a major bottom in gold and silver now, regardless of the potential for another short term downleg. This is made plain by the charts we are going to look at in this update. COTs and sentiment are now at extraordinary extremes not seen in the entire history of this bullmarket. This means that when the turn really comes we are likely to see a scorching rally which will be driven by massive short covering that will leave most investors standing, mouths agape."
See his article (at his website)...laughed when I saw 'agape' ... implying awe or wonder at the upmove...
see two unrelated meanings...one is for my usual signoff ... desiring overflowing unconditional Love for All (from my Catholic upbringing, it implies union with God and His overflowing, infinite and perfect Love...something humans could not do on their own, but only in union with Him.)
from a search:
(of the mouth) Wide open, esp. with surprise or wonder.
Christian love, esp. as distinct from erotic love or emotional affection
Would be nice to be standing, mouths 'agape' in wonder at an upmove for gold/silver sooooon,
and would be wondrous, SUBLIME to be Agape at the Agape of God !!!
Rec'd ya' before I got to the 'violence may be required part.'
Yahoo does not allow 'unrec' but consider my 'rec' to be massive
EDUCATION of all family members, friends, neighbors, email and cybercontacts...
and to join groups that peacefully promote liberty and opportunity for ALL.
If no time to join groups, then ordinary sharing of information...for the hardest ideologues...might just give them a tiny drop of wisdom to ponder...
tho there are some hardened manipulators of our political and economic life (in the US and worldwide) that will not listen to reason,
Grass roots energy in the board of ed, in the neighborhood, the townhall, the mayoral election and state reps, etc. etc...
Prayers....Constant, Heartfelt and Confident Prayer, with a Life and Example of Agape (Agape even for the haters...'Love your enemy...do good to those who hate you...)
As you see, my comment on 'signs of weakness' in broader markets also means keep an eye on those Vexing VIXes.
See the outsized upmoves in VXX VXZ and in the triple TVIX (11%) for example.
A long post on trading volatility indices did not post, along with many in the past at key junctures where gold/silver was trending down or big currency changes were occurring.
Amazing how that happens.
I had been making bullish posts for an (eventual) turnaround in many ocean shippers. So many posts disappeared there I eventually gave up and post very little there, despite the fact that there have been fabulous moves in many of them. I was too early by a year or more in starting to rebuy some of the weaker ocean shippers. Look at the charts for GLNG GASS PRGN EGLE BALT SB DCIX DSX and many others I've been mentioning....NOT a rec...some of these spiked and fell again...some MIGHT be ready for another move, but I'm wary of broader markets right now and am not overweight ocean shipping, tho I've held some long term....only a small handful (my hands are small and delicate...smile). Agape ~